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Index futures prices rose in both the US and European markets. Good sentiment also prevailed in Asia, where the indices of major stock exchanges rose.
“In any case, we believe that the US economy is still fragile and growth is slowing down,” said Matt Sherwood, manager of Perpetual funds in Australia, stressing that he has no plans to change his investment in the portfolio yet.
Oil prices also rose on Monday, with investors welcoming the election results. The price of “Brent” increased by one dollar to 40.48 dollars per barrel.
However, market analysts stressed that future forecasts may not be optimistic, with investors waiting for the new president’s decisions to extend fiscal stimulus measures and introduce new measures to stop the Covid-19 pandemic.
The dollar, on the other hand, fell to a ten-week low on Monday in anticipation of new economic support measures.
It has already been written that The US dollar has been weak for a long time during the presidency of former US President Donald Trump, and there are currently no signs in the market that this situation will change in the near future., writes “CNN Business”.
Since Trump’s inauguration in 2017, the US Dollar Index, which gathers data on changes in the value of the dollar against major currencies, has shrunk by more than 7%. At the beginning of the year, before the pandemic, the dollar appreciated, but then Covid-19 stopped growing, and overall the dollar has fallen by about 3% this year.
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